1337 W 11th,Los Angeles, CA 90015
Los Angeles, CA 90015
Description
Six-Parcel Development Site and Surface Parking Property for Sale Near Downtown Los Angeles 1313-1337 W. 11th Place, Los Angeles, California 90015, a six-parcel land assemblage totaling approximately 68,707 square feet, or 1.57 acres with CMO1 zoning. The offering consists of two sites positioned across W. 11th Place, with corner locations and frontage along three streets. The property is paved, fenced and currently configured as an established surface parking operation with approximately 280 parking spaces. Its existing configuration may provide a buyer with the opportunity to continue operating public parking while evaluating longer-term plans for the property. The site may also appeal to parking operators, EV-charging companies, fleet-charging operators and investors seeking a potential electric-vehicle charging parking facility in Los Angeles. Any EV-charging conversion would be subject to the buyer’s confirmation of electrical-service capacity, utility requirements, permitting, site design and governmental approvals. For developers, the assembled parcels provide a substantial infill land opportunity near Downtown Los Angeles. Property marketing materials identify the zoning as Commercial Manufacturing and describe potential commercial, mixed-use and housing development possibilities. Buyers should independently verify zoning, allowable uses, development density, overlays, entitlements and applicable land-use regulations with the City of Los Angeles. The property offers convenient access to the 110 Freeway near its convergence with the 10 Freeway and is located near major Downtown Los Angeles destinations, including Crypto.com Arena, L.A. LIVE and the Los Angeles Convention Center. These location characteristics may support continued event parking, commuter parking, EV charging or future redevelopment. This offering provides multiple potential acquisition strategies: Continue the existing surface parking use Evaluate public or event-parking operations Explore an EV-charging or fleet-charging facility Hold the land for future redevelopment Pursue a commercial, mixed-use or housing development concept All proposed uses, improvements and development plans are subject to zoning, permits, entitlements, utility availability and governmental approval. Prospective buyers should independently verify all property information and conduct their own due diligence. The sale is subject to bankruptcy court approval.
Details
| MLS # | PW26115024 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 85 |
| Listing Provided By | Keller Williams Realty | Patrick Sharples |
Features
| Zoning | CM |
|---|---|
| Acreage | 0.86 |
| Property View | None |
Exterior
| Lot Features | Corner Lot, Lot Over40000Sqft, Street Level |
|---|---|
| Fencing | Wrought Iron |
Utilities
| Utilities | None, Water Not Available |
|---|
Location
| Community Features | Curbs |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90015 |
| Area | KREA Koreatown |
| Listing VS Median (in 90015) | |
Price: $16,000,000 low | high Med: $350,000 On site: 85 low | high Med: 217 | |
Market Activity 90015
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90015 |
| Area | KREA Koreatown |
| Listing VS Median (in 90015) | |
Price: $16,000,000 low | high Med: $350,000 On site: 85 low | high Med: 217 | |
